3 Best Chinese Growth Stocks To Buy In December

The Chinese stock market has been bullish for the last three weeks. China’s economy is recovering quickly from the challenges posed by the COVID-19 pandemic. This, along with a significant growth in China’s manufacturing sector, has been motivating investors to bet more on stocks.

PDD – The Chinese stock market has been rallying for the last three weeks with investors’ confidence growing based on the country’s fast recovery from the pandemic. This trend will likely continue in December and growth stocks such as Pinduoduo (PDD), NetEase (NTES), and Bilibili (BILI) should see a decent upside.

Along with the recovery of China’s economy, 2020 has been a year for growth stocks in general, because many technology-first companies have disrupted traditional companies. Chinese growth stocks have seen stellar gains so far this year, a trend is likely to continue going into 2021.

Companies like Pinduoduo, Inc. (PDD - Get Rating), NetEase, Inc. (NTES - Get Rating), and Bilibili, Inc. (BILI - Get Rating) are growing in emerging sectors such as e-commerce and social media, and making investments in these high-growth areas. The shares of these companies have already delivered solid returns and are likely to keep moving higher in the upcoming months.

Pinduoduo, Inc. (PDD - Get Rating)

PDD operates an e-commerce platform that is based on third-party social media channels. It is the second largest online retailer in China based on the number of users and orders. PDD’s stock has gained 283.8% so far this year.

The company has recently launched Duo Duo Maicai, which is a grocery shopping platform, as an extension to its online retail services. The company has also announced its intention to invest in agricultural logistics infrastructure to better serve its customers.

The company’s revenue is expected to grow 86.2% for the quarter ended December 2020 and 55.4% in 2021.  PDD’s EPS is expected to rise 170% for the quarter ended December 2020 and 290% in 2021.

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